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Dear Sir,
I have purchased the Apartment in resale building, where I have paid the 25% amount to seller, register the property in my name. For the remaining balance, I have applied for home loan from Bank of India. But after all the credit check and legal verification Bank??s lawyer told me that in the previous chain of agreement Buyers hadn??t register the property, so you have first register the property than only bank will cleared the loan. Please guide me if can prepare ??Deed of confirmation?? for the first buyer, who purchased the said Property from Builder which he didn??t register at that time, and the second buyer (who is also the seller from whom I am buying the Apartment has also not register the property) , has agreed to register the property, but let me know who should bare the cost of registration in this case ??
Kindly let me know
1) if I have to register all the sale agreement ??
2) or is it fine if only seller does the registration for his agreement,??
3) or is there is any way beside doing the registration (as I have heard of some Indemnity Bond) please help out with this??
Many Thanks
Vipul